Toronto social network site used by Kim Kardashian raises $18 million

A social video networking platform developed in Toronto announced this week that it has closed a funding round worth $18 million and registered some six million users in just 30 days.

Keek, which counts “celebrities” such as Kim Kardashian, Kendall Jenner, Adam Lambert, Kylie Jenner, 2 Chainz, Khloe Kardashian and Victoria Justice among its users, closed the round with investment from AGF Investments Inc., Pinetree Capital Ltd, Plazacorp Ventures and Cranson Capital. It brings total investment in the company to date to $30 million.

According to Keek, the funding will be used to accelerate new feature releases, develop support for more platforms and expand infrastructure to meet growing international demand. The company is using the US, UK and Australia and based for growth into Europe, the Middle East and South America and reports 200,000 new users joining daily.

“The word keek means a short look, a glimpse, a peek and Keek indeed opens a window into other cultures, customs and lifestyles, making the world more accessible in a way only video can,” sid Isaac Raichyk, founder and CEO of Keek, in a statement. “Twitter convinced the world to embrace a micro-blogging format and Instagram demonstrated that a photo sharing social network could thrive. With 200,000 new users joining daily and millions of user-generated videos posted monthly, Keek is doing the same for social video.”

According to Keek, many top Instragram and Twitter users are using Keek to share personal video updates with their social networks and followers. Its all-time most-viewed video list is dominated by reality show cast members posting personal updates.

Reality television personality Kendall Jenner has the most Keek subscribers, with nearly 200,000.

Source | Keek

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